U.S. lawmakers advance housing bill with CBDC ban through 2030
Bipartisan leaders in the U.S. Senate and House are moving forward with a broad housing package that also blocks the Federal Reserve from issuing a central bank digital currency through the end of 2030. The measure combines housing affordability provisions with a digital asset restriction, underscoring how unrelated policy priorities are being tied to larger legislation.
Highlights
- The updated 21st Century ROAD to Housing Act expands U.S. housing supply, adds disaster relief sunset rules, and restricts corporate landlord power.
- A provision bars the Federal Reserve from issuing or creating a CBDC or substantially similar digital asset until December 31, 2030.
- The bill, reflecting bipartisan compromise and unprecedented anti-CBDC language, faces Senate and House votes post-recess, with potential presidential approval after June 23.
Updated bill sets housing and digital asset terms
As reported by The Block, Senator Tim Scott, Senator Elizabeth Warren, Rep. French Hill and Rep. Maxine Waters on Tuesday released an updated version of the 21st Century ROAD to Housing Act after reaching a bipartisan, bicameral agreement on the legislation.The bill is designed to expand housing supply in the U.S., improve affordability and limit the dominance of corporate landlords in the market. A new compromise also adds a three-year sunset provision for a disaster relief program to address concerns raised in the House.
Scott says the measure reflects years of work to lower costs, cut red tape, protect taxpayers and help more Americans pursue homeownership. The updated text also bars the Federal Reserve from issuing or creating a CBDC, or any digital asset substantially similar to one, until Dec. 31, 2030.
Next votes carry implications for crypto policy
The inclusion of an anti-CBDC clause in a housing bill is unusual, but it reflects a broader legislative tactic of attaching separate policy goals to must-pass measures. House Republicans had pushed for the provision, aligning the bill more closely with the current administration's opposition to CBDCs.Last month, U.S. Treasury Secretary Scott Bessent says CBDCs are off the table and that the administration is focusing instead on advancing the digital asset-focused Clarity Act. The revised housing bill is now heading to its first procedural vote in the Senate, and Politico reports, citing Senate Majority Leader John Thune, that it would then move to the House for another vote after lawmakers return from recess around June 23, potentially setting up final presidential approval.
In our earlier article on the 21st Century ROAD to Housing Act, we covered how Congress advanced a broad housing affordability package built around cutting red tape, expanding housing supply and lowering costs for families. We also outlined provisions aimed at limiting large institutional investors in the single-family market, including an ownership cap intended to reduce competition for homebuyers.
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